More about this topic
Belgium
More about this topic
Europe News
EU downplays jet fuel shortage risks despite IEA warning
EU officials and the International Energy Agency have contrasting narratives over jet fuel supply. While the European commission minimises the risk, it acknowledges that the market remains “tight” and says the EU is prepared to respond appropriately.
Europe News
Europe-led coalition prepares mission to reopen Strait of Hormuz
A group of more than 40 countries is meeting in Paris to finalise early plans to reopen the Strait of Hormuz. The France and UK-led coalition insists the operation will only kick in when the war is over. Countries say they are ready to send warships, personnel and demining support.
Europe News
EU to slash power bills by cutting taxes and grid costs
The Commission's draft proposal to change energy taxation risks being politically sensitive as several EU countries have limited fiscal space. Environmental groups urge Brussels to propose a windfall profit tax to help EU capitals deal with soaring energy prices.
ADVERTISEMENT
Europe News
EU cracks down on Chinese goods bypassing tariffs via Belt and Road
The European Commission has targeted glass fibre produced by Chinese firms using the Belt and Road initiative to bypass EU trade defences. However industry and unions warn the measures fall short and imports may continue to rise.
Europe News
Energy prices set to rise as last Gulf Tankers reach Europe
Energy analysts have warned of surging energy prices beyond already elevated levels, as the last vessels carrying oil and natural gas from the Strait of Hormuz before the conflict have reached Europe. Supply forecasts for oil and gas remain optimistic as US deliveries are expected.
Europe News
Péter Magyar walks line between Brussels and Beijing on China trade
The Hungarian leader, who won a landslide election last Sunday, does not plan a major policy reversal on Hungary's trade relation with China. However, he has pledged to align more closely with EU rules, balancing ties with Beijing and growing pressure from Brussels.
Europe News
Magyar keeps door open to Russian energy despite EU phase-out plans
At his first press conference after being elected Prime Minister of Hungary, Péter Magyar said on Monday that the country will continue seeking the cheapest energy sources, including from Russia. His statement appear to clash with earlier pledges to phase out Russian energy imports by 2035.
Europe News
Can Péter Magyar break Hungary’s reliance on Russian oil?
Péter Magyar, the expected future Hungarian prime minister, won the general election in a landslide, unseating outgoing Viktor Orbán after 16 years in power and raising questions about whether Budapest will move away from Russian energy.
EU.XL
Can Europe boost its drone defence? Ask the Euronews chatbot
Russia has violated NATO airspace approximately 37 times since 2022. The EU wants to accelerate the bloc’s drone production and boost its defence strategy against hybrid threats. Can Europe ramp up its hybrid-detection system? Ask the Euronews chatbot.
Europe News
EU considering excessive profit taxes on oil and gas companies
The European Commission is considering taxing windfall profits, similar to the mechanism applied in 2022 during the natural gas crisis. The plea came from five EU countries, which also called for the tax to be expanded to foreign profits dealing with fossil fuels.
Europe News
Trump issues NATO ultimatum to reopen Strait of Hormuz 'within days'
US President told NATO Secretary General Mark Rutte that NATO countries must work on a solution to resolve the crisis in the Strait of Hormuz immediately. Allies had originally committed to helping reopen the strait once hostilities had come to an end.
Europe Today
'NATO not obliged to reopen the Strait,' Turkey's trade minister says
US President Trump has issued an ultimatum to NATO countries to find a solution to reopening the Strait of Hormuz within days. Turkey – which has the second-largest army in NATO – says the alliance is not obliged to intervene.